SBF denies FTX is eyeing distressed crypto mining companies

Cryptocurrency 47 minutes ago (Jul 04, 2022 12:40AM ET)

SBF denies FTX is eyeing distressed crypto mining companies SBF denies FTX is eyeing distressed crypto mining companies

Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter (NYSE:) on Saturday that they “aren’t really looking into the space.”

“Really not sure why the meme about FTX and mining companies is spreading, the actual quote was that we *aren't* really looking into the space,” clarified Bankman-Fried on Twitter on July 2.

Mining loans under stress

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Source: https://www.investing.com/news/cryptocurrency-news/sbf-denies-ftx-is-eyeing-distressed-crypto-mining-companies-2843584